Posted Thursday, 03 May 2012 at 12:24 by Shape Home Loans
Tagged: home loans | interest rates | Home Buyer | First home buyer | Mortgage reduction | Promotional rate | Hint/Tip
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-0.30
-0.32
-0.35
-0.40....
The numbers above represents the amount of the RBA rate cut some of the top banks has passed down to us consumers, for many mortgage holders any rate cut is a good cut! But here at Shape Home Loans we believe it's time for a fair cut; as we don't only want a good cut...we demand a GREAT CUT!
Due to our bargaining power and relationship, we will be in the position to offer up to the FULL 0.50 rate cut with the same banks - ING, Adelaide bank, Advanatge etc....
http://www.ingdirect.com.au/home_loans/interest_rates.htm
Current ING rate
Mortgage Simplifier - 6.72% ------ After RBA 0.30 rate cut = 6.42% As of 11 May 2012
Our ING rate ( we will pay for all negotiation cost and any out of pocket expenses, so it will be the SAME bank and SAME product)
Mortgage Simplifier - 6.72% --- After RBA 0.30 rate cut + our negotiation offer = 6.26% as of 11 May 2012
Our 2nd ING rate offer ( Not direct with ING, but under written and funded via ING)
ING Solutions loan - After RBA 0.30 rate Cut + our negotiation offer = 6.07% as of 11 May 2012
LENDERS | ING BANK DIRECT | ING BANK DIRECT -Shape Loans | Mortgage Manger (ING)- Shape Loans |
Rate (after RBA) | 6.42% | 6.26% > $3000,000 |
6.17% |
Redraw , I/O, Extra repayments | Yes | Yes | Yes |
Set up cost | $220 | $220 | $500 |
Online Banking | Yes | Yes | Yes |
On going fee/ Annual fee | None | None | None |
Up to 95% | Yes | Yes | Yes |
Loan managed and serviced by | ING | ING | A Mortgage Manager |
Funder/ Bank | ING | ING | ING |